A constant elasticity of profit production function

Rodney Beard

MPRA Paper from University Library of Munich, Germany

Abstract: Impact analysis of changes in production inputs may be simplified if one can apply a constant adjustment factor to profit. In particular, if a production function can be found for which the elasticity of profit is constant and this function has desirable properties, then one can use the input elasticity of profit to study the impact of input changes on profit. In this paper such a production function is derived from first principles.

Keywords: Impact analysis; Production economics; elasticities (search for similar items in EconPapers)
JEL-codes: D24 M21 (search for similar items in EconPapers)
Date: 2007-11
New Economics Papers: this item is included in nep-bec and nep-eff
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:5796

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